Lots to like in this announcement, with management executing impressively on a clear path to realising SDV as the company maker.
I particularly liked:
topographic studies for pond siting "offer a near-optimum scenario for pond wall construction"... "given the high proportion of development costs associated with earth works" (so perfect site = cheaper capex)
the acquisition of existing camp facilities has a positive schedule impact (indicator of things moving faster)
pilot plant upgrades imminent to optimise lithium carbonate flow sheet design (the chemical & process brains are hard at work)
SDV project team highly engaged with local province (bodes well for the future, shows mgt experience)
Remember the SDV team appointment was only announced 6th Feb 2017 when "Galaxy confirms development team with over 200 years combined industry experience".
That you can only assemble a world class team to work on a world class project is self evident. All the indicators here are that a highly competent and experienced team of executives are in full control of the SDV project.
Any risk adjusted valuation of this US$1.4bn project just gained a little more certainty.
